{"id":6764,"date":"2021-01-27T18:24:00","date_gmt":"2021-01-27T15:24:00","guid":{"rendered":"https:\/\/roboforex.com\/blog\/?p=6764"},"modified":"2023-06-23T09:08:40","modified_gmt":"2023-06-23T06:08:40","slug":"musks-magic-tweets-etsys-stocks-11-up","status":"publish","type":"post","link":"https:\/\/roboforex.com\/blog\/2021\/01\/27\/musks-magic-tweets-etsys-stocks-11-up\/","title":{"rendered":"Musk\u2019s Magic Tweets: Etsy\u2019s Stocks 11% Up"},"content":{"rendered":"\n

Hello, dear readers, this is our daily column “Elon Musk and His Tweets”. The events in January demonstrate that the Twitter account of the head of Tesla<\/a> and SpaceX can already be regarded as some sort of a trampoline for stocks<\/a> of public companies.<\/p>\n\n\n\n

At the beginning of the month, a laconic Musk’s post provoked the growth of Signal Advance’s stocks by 6,350%<\/a>. Yesterday, a similar thing happened to Etsy’s stocks. Let’s find out what’s going on.<\/p>\n\n\n\n

<\/span>Promotion in Twitter, fast and affordable<\/span><\/h2>\n\n\n\n

On January 26th, the eccentric billionaire made two publications on Twitter. “I kinda love Etsy. Bought a hand knit wool Marvin the Martian helm for my dog”, he wrote. More words, more details than in the tweet about Signal.<\/p>\n\n\n\n

https:\/\/twitter.com\/elonmusk\/status\/1354029548334178304<\/a><\/p>\n\n\n\n

It seems to be nothing special but the stock price of the US online platform for selling handmade stuff, antiques, and rarities grew by 11.3% to 232.39 USD per stock.<\/p>\n\n\n\n

However, it would be fair to note that the increase was short-term; yesterday, trades closed with a decline of 2.11%.<\/p>\n\n\n\n

<\/span>Here we go again<\/span><\/h2>\n\n\n\n

The increases in the stock prices of Etsy and signal Advance, provoked by Musk’s tweets, are not unique. In January, the CEO of Tesla posted a picture of a hero from the Idolmaster anime and video game. That very day, the stocks of the developer and creator of the game Bandai Namco in the Tokyo Stock Exchange leaped up by 4.4%.<\/p>\n\n\n\n

The activity of the billionaire on Twitter impacts the stock price of his companies. For example, in May last year, he wrote that the stocks of the electric car producer are significantly overvalued, which dropped the stock price by 10% at once. However, a week after the publication, the stocks grew by almost 17%.<\/p>\n\n\n\n

<\/span>Interesting facts about Etsy<\/span><\/h2>\n\n\n\n